AUD/USD

[>Apocalypto<]

If you are doing international TT's and >50k pa AUD worth PM me and i should be able to help you out, i work for a non-bank

Thanks for the heads up Pawn, I will see where the AUD is in a weeks time.

Today's gamble trade.

Long on the AUDUSD, very small position as its a counter trend trade.

we had a pin bar on the 5/10 with inside bar after today's opening hour. looking for a rally to the 21ema or a low run and stop out.

audusd buy1hour.jpg

[>Apocalypto<]

Thanks for the heads up Pawn, I will see where the AUD is in a weeks time.

Today's gamble trade.

Long on the AUDUSD, very small position as its a counter trend trade.

we had a pin bar on the 5/10 with inside bar after today's opening hour. looking for a rally to the 21ema or a low run and stop out.

long is gone... seller tried again but stiff resistance at 0150.... very stiff. going to sit on where it goes from here.

remember daylight savings so London open is at 6pm melb time i believe now.

[cogs]

Just going to let the shorts run now and wear the swap, think we have a ways to go but with every drop like usual, there will be wild kicks up.

Weekly chart shows a good rollover but it would take some time to play out.

[>Apocalypto<]

Just going to let the shorts run now and wear the swap, think we have a ways to go but with every drop like usual, there will be wild kicks up.

Weekly chart shows a good rollover but it would take some time to play out.

I'm looking to buy.. end of this 1 hour bar. doble bottom fail bear run.

****bought in, looking for 20 pips to the upside stop at the low of the last 1 hour bar

[>Apocalypto<]

I'm looking to buy.. end of this 1 hour bar. doble bottom fail bear run.

****bought in, looking for 20 pips to the upside stop at the low of the last 1 hour bar

stop 1 pip over BE.... hit the range top

[cogs]

Anyones guess at the moment, this time last year it took a plunge to 0.96 after a top of 1.07. Talk is it will stay up here for some time, I'm still biased for shorts as per weekly chart potential rollover.


aud daily.png

[>Apocalypto<]

Anyones guess at the moment, this time last year it took a plunge to 0.96 after a top of 1.07. Talk is it will stay up here for some time, I'm still biased for shorts as per weekly chart potential rollover.


aud daily.png

higher low setting up on 1 hour at 1.0318 supportat the weeks close.... but still plum in a down move.. Coggs I am with you think the aud will hold around its current range 1.06 to 1.01. unless somthing comes out to spook it... rate cut still on the cards for NOV... the med trend still up for now. a drop back into the 1.2 could show something else... but i am only guessing. 40 pips for this week so looking to next week for a futher move down or a cont of the current up move from our last low.

[CanOz]

Similar to what i posted on the EURUSD thread, here is the AUD...

CanOz

[TulipFX]

March 2014 futures are trading at 0.99300 for what its worth.

[cogs]

Starting to look more like this early appearing 'rollover' on the weekly charts, may due to fundimental reasons, turn into a flag to go bullish. Still some time to take place yet but it appears Aust banks and R.B are less likely to be able to get the aud down, and I am reading more about more money shifting to asia, either way I am only short term, but my views are shifting.

[>Apocalypto<]

Starting to look more like this early appearing 'rollover' on the weekly charts, may due to fundimental reasons, turn into a flag to go bullish. Still some time to take place yet but it appears Aust banks and R.B are less likely to be able to get the aud down, and I am reading more about more money shifting to asia, either way I am only short term, but my views are shifting.

planing a short in 5 min... lower high pin bar set up.

Short @ 1.03477

[wallyt99]

Pure random guess.....

The AUD will continue to diminish for 6 months to say 57c....then gradually move up to over the next few years, eventually overtaking gaining parity on the back of the next China based commodity price boom.

Fark.... wish I banked that guess from 08

[CanOz]

Fark.... wish I banked that guess from 08

LOL, great macro call mate!

[cogs]

wallyt99, wanna give it another go?

Overnight markets since the RBA call have been selling off fairly heavily, with mainly local market being the only buyers. Still not certain myself, but the recent channel has to see it down to at least high 1.02's.

Tulip, Actually 2014 futures value might be within reach if the RBA makes a drop call on interest rates next month to spur on christmas spending.

Short swap is a bit of a killer though.

[TulipFX]

There are also rumours about that the RBA is printing money to satisfy foreign central bank's desire to hold AUD. These central bank transactions are off market (not that there is a central fx market) and it is one way the RBA can put downward pressure on the AUD without dropping interest rates. We saw late last week that the AUD stood up stronger than the other currencies against the USD rally. Only the future knows what will happen.

This is all just discussion. I never trade on my opinions and only trade using algorithmic systems - so please don't you trade on it either!

[cogs]

4th day in a row the asian session pushed up the AUD, makes me wonder if it's part of the ploy to drive it down.

[cogs]

The norm is 3 days, they stretched a 4th day out of it, but the 5th was just too much, at last the asian sold off. Wait and see if US buys up.

Seriously looks like some good shorts coming up though.

Anyone else in on the action?

[Joules MM1]

Aussie $ and Canadian $ Become World Reserve Currencies – Chart

by Sean Brodrick on November 20, 2012

dollar-performance_thumb.png

Marketwatch has the story …

The Australian and Canadian dollars, the world’s leading commodity-rich currencies, are being formally classified as official reserve assets by the International Monetary Fund, marking the onset of a multi-currency reserve system and a new era in world money.

Expanding by two the list of officially recognized reserve assets from the present five — the dollar, euro, sterling, yen and Swiss franc — signals a new phase in the development of reserve money.

Sean’s note – the more reserve currencies there are, the less important the U.S. dollar becomes. Here’s a 6-month performance chart comparing the U.S. dollar versus the Aussie and Loonie.

Sean’s note – the more reserve currencies there are, the less important the U.S. dollar becomes. Here’s a 6-month performance chart comparing the U.S. dollar versus the Aussie and Loonie.

http://blog.uncommonwisdomdaily.com/...ies-chart-9091

[Joules MM1]

more of the same, AUD and CAD reserve currencies

anecdotally, these types of news/events are often precursers to a reversal, or a large degree pullback, in perceived value
http://www.marketwatch.com/story/aus...vestinginsight

[TulipFX]

There was this article in Business Spectator today: http://www.businessspectator.com.au/...20121121-28SAR

2015. Apparently doomsday. If the Mayans were incorrect and the whole thing doesn't stop two shopping days before Christmas this year.